Stablecoin intermediaries in Australia have been allowed to distribute licensed stablecoins without having to hold a separate financial services license as per a “first-of-its-kind” special exemption granted by the Australian Securities and Investments Commission (ASIC). According to ASIC, the exemption…

Aster, a Hyperliquid-style decentralized perpetual exchange built on BNB Chain, saw its native token surge as much as 675% within hours of its debut on the platform. For the uninitiated, the DEX was officially launched earlier on March 31 this…

Stablecoin development in South Korea has advanced with the launch of KRW1, a won-pegged token issued on the Avalanche blockchain. Seoul-based digital asset firm BDACS announced the launch of KRW1 on September 17, a stablecoin fully backed by South Korean…

Coinbase Payments has joined the Open Intents Framework to help standardize and simplify cross-chain asset transfers across Ethereum and its Layer 2 networks. Coinbase Payments has joined the Open Intents Framework (OIF) as a core contributor, collaborating with dozens of…

Ondo Finance has launched USDY, a yield-bearing stablecoin backed by U.S. Treasuries and bank deposits, on the Stellar network, marking the first product of its kind available to Stellar users. Ondo Finance has launched its flagship stablecoin, United States Dollar…

Korea Exchange affiliate firm KOSCOM has applied for five stablecoin trademarks amidst the wave of Korean won-backed assets taking over the market. It also plans to reorganize its crypto departments. According to the South Korean media outlet Seoul Finance, the…

Bitcoin price climbed back above $117,000 after the Federal Reserve announced its first interest rate cut of the year, sparking renewed optimism across risk assets.  At press time, BTC was trading at $117,476, up 0.9% on the day and 3%…

Curve Finance has proposed a new protocol called Yield Basis that would share revenue directly with CRV holders, marking a shift from one-off incentives to sustainable income. Curve Finance founder Michael Egorov has introduced a proposal to give CRV token…

Bullish shares have secured the highly sought-after BitLicense from New York authorities and can now legally offer its services in one of the most stringent crypto markets. As per the official announcement, Bullish, specifically its US arm, Bullish US Operations…

The Securities and Exchange Commission has approved new generic listing standards for spot crypto exchange-traded funds, clearing the way for faster approvals. The U.S. SEC has approved new generic listing standards that will allow exchanges to fast-track spot crypto ETFs,…